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through. it went through this week. the merger between u.s. airways and the bankrupt american airlines, the newly formed carrier will be the world's largest, but it has some customers worried about possible fare increases. ali velshi explains what it means for fliers. >> if regulators allow it, u.s. airways is going to take over a bankrupt american airlines creating the world's biggest airline in the process. the newly merged company will keep the american airlines name. and while the deal is probably good for investors, passengers worry that airfares will shoot up as competition disappears. now, i talked to the ceos of both companies when they announced the merger. and they said passengers will not see fare hikes. >> we're going to take two airlines highly complementary, to the same number of places, which is actually good for the consumers of both airlines. there won't be a reduction in supply, so therefore no reason to believe there would be an increase in pricing. >> so why would we take the ceo's word for it? take a look at this. prices for an average domestic economy airfare have
a renaissance may be at hand for the u.s. economy? find out right now on "your money." >>> despite a recession in europe, major mergers in the united states show evidence that business is picking up. america could be on the road to prosperity if not for our politicians standing on the way. i'm ali velshi. this is "your money." there's ap economic storm hovering just off our shores. the headwinds are gathering strength as our elected official once again seem prepared to take the american economy to the brink of destruction. this time over a march 1st deadline for the across-the-board government cuts known as the sequester. >> this is not a game. this is reality. >> i don't like the sequester. it's taking a meat axe to our government. >> these steps would seriously damage the fragile american economy. >> still fragile enough that four years after the recession the u.s. economy actually shrank in the last three months of 2012. the storm clouds were ready to blow away and washington basically called them back. >> i think we're all aware that we have some urgent business to do. >> if not for indeci
africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. something this delicious could only come from nature. new nectresse. the 100% natural no-calorie sweetener made from the goodness of fruit. new nectresse. sweetness naturally. >>> the former lapd officer now has thousands of his brothers in blue chasing him. just who was christopher dorner? what lit the fuse to cause this explosive rampage. >> reporter: christopher dorner, target of the largest manhunt in lapd history. a vengeful ex-cop, highly trained marksman, armed and dangerous. turning against the very agency that defined him. >> he loved being a cop. he wanted to be a cop all his life. >> the chris corner that was terrorizing california is far from the sunny upbringing of his southern
warning system being worked on in the u.s., phil. is russia considering something like that? have you heard anything? >> reporter: russia is certainly very worried about asteroids that pose a threat to the planet. but much of the scientific opinion that has been expressed here and around the world over the last 24 hours or so is that meteors of the size that were seen here are not easily detected or prevented. scientists say they enter the atmosphere quite routinely. but usually it takes place over the ocean or less populated areas or whatever noise they create, it simply goes unnoticed. what makes this such a rare event is it took place over this very sizable city, susan. >> i can't imagine seeing that, the fear and panic they felt. phil black, thank you, appreciate it. >>> to the scene now, this didn't take long. a passenger stranded with thousands of others aboard the disabled carnival "triumph" is suing carnival for negligence, fraud, and emotional distress. calls the ship, quote, a floating hell and floating toilet. she says she was forced to walk through feces to get to long lin
production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. so i used my citi thankyou card to pick up some accessories. a new belt. some nylons. and what girl wouldn't need new shoes? and with all the points i've been earning, i was able to get us a flight to our favorite climbing spot even on a holiday weekend. ♪ things are definitely looking up. [ male announcer ] with no blackout dates, you can use your citi thankyou points to travel whenever you want. visit citi.com/thankyoucards to apply. to travel whenever you want. for over 75 years people ...with geico... ohhh...sorry!. director's voice: here we go. from the top. and action for over 75 years people have saved money with gecko so.... director's voice: cut it! ...what...what
of the possible sequestration, the u.s. navy, cancelling the deployment of some other ships, cancelling some maintenance and pushing back some of the civilian contracts that they had signed. they say this is really just the tip of the iceberg, and down the road you could see a reduction in personnel. you could see training dramatically cut back in a lot of areas. >> chris, if these cuts do go into effect, they will be immediately felt or will be felt in the month his to come? >> reporter: this is going to be the toughest year, because critics will say look, once you get into year three, four and five, then the military will be able to dig in, cancel maybe some of the big contracts so that they can spread out the hurt a little more. the issue here is that pay and benefits take up about a third of the budget. you can't touch that with sequestration. also off limits are the wounded warrior program. they're not going to affect afghanistan that much. so to pull to make the cuts is smaller. and in a limited amount of time, you know, nine months left in a year, six months left in the fiscal year, t
and identification cards near the u.s./mexico border and recent descriptions of someone matching dorner's description attempting to flee from mexico. not far from the border, a moment of hope. a possible dorner sighting, but that phoned in tip turned out to be a hoax, another deadend. >> somebody says, hey, i sighted dorner here, i sighted dorner there, you have to run those leading out. you have to make sure you dot all the eyes and cross all the t's, because you have a cold blooded killer out there. >> by now the relentless investigation had reached las vegas where dorner's house was searched. day three and la palma became another stop on the manhunt to search the home of dorner's mother. >> they're going to check out his friends, his family, acquaint enss, anybody at all who he may have had contact with in the last year, to find out, okay, have you had any contact with this guy? has he been using any kind of credit cards, atm card? has he been texting, twittering, on facebook, e-mails? >> day four, still no sign. big bear continued to be ground zero in the hunt for christopher dorner. that evening
since the ship is registered in nassau. u.s. coast guard and ntsb officials are also working to figure out what went wrong. specifically, investigators are looking into the cause of the fire. crew response, engine maintenance, and safety procedures on board the ship. we spoke to a maritime expert who has participated in these types of investigations which could result in minor safety changes to more drastic measures. >> there could be sanctions against members of the crew and against the officers. and in the most extreme case, there could be sanctions against the owners of the ship. >> reporter: an engine fire on carnival "splendour" in 2010 also left thousands of passengers adrift for days in the pacific with no power and limited food. the coast guard and the ntsb have not yet released its findings of that incident. >> i know the coast guard and national transportation safety board at you report are involved in this. how long do you think this is going to take? there are a lot of different parties involved. >> reporter: absolutely. and the bahamian maritime authority is actually the l
believe there's an international jewish lobby that is intimidating congressmen and is controlling the u.s. state department, hagel's your guy. and interestingly, everybody thinks he's going to get confirmed which would just prove that his last conspiracy is false. he was wrong once again. i think these are perfectly legitimate questions to be raising about the next secretary of defense. >> and they're questions that were asked and answered. and they're a little ridiculous to keep harping on those. >> i think that hagel would agree. we're switching gears, turning to the campaign. president obama faced this criticism over plans to help more people go to college. now the president is focused on preschool, and thursday unveiled his new early education plan. amy, i'll talk to but this first. how does this new government-funded plan if over with conservatives? tough to argue, right? >> well, no, because it's a question of whether or not it's the federal government's role to be involved in education or a state function. a lot of conservatives believe it's a state function. education is only fund
it still looks big. of course, it is stuck in dock now. a team of investigators with the u.s. coast guard, national transportation safety board will go on with their look at what went wrong with this ship. of course, they're doing this as part of an international agreement. this is a bohemian-flagged vessel. technically, they are the ones who will issue a final report. meantime, u.s. coast guard has already begun its investigation earlier in the week by looking at schematics of the ship while it was still out at sea. of course, they are look taking a close look at the engine. they've spoken to a number of passengers before they even got off the ship, before they were scattered to the four winds. of course, they'll be looking at procedures on board and looking at, for example, something called a voyage data recorder, which records, among other things, all the conversations that took place on the bridge. they'll also be looking at procedures that took place after that fire hit the engine. the coast guard says this investigation could take a year. >> passengers did report that on previous cr
for the u.s. coast guard, as well as for the national transportation safety board, are trying to figure out the source of sunday's fire that brought this cruise to a screeching halt. they have a lot of work ahead of them as they try to go into the engine room and figure out where the fire may have started. it might even have been somewhere else. they have to look through all of the systems on board the ship. they've already spent time talking with passengers before they disembark, and went to the far corners of the earth going back home again. but they'll also be examining the procedures that were followed after that fire took place. there is another engine room they could have turned to as an alternate source of power. however, investigators are saying that might have been a risky move. >> in this case, they may have been able to restore power, but really the safe thing to do was to tow the vessel back into port rather than try to reenergize a power system that was damaged by fire. >> reporter: investigators will also be examining what's called the voyage data recorder that among other thi
, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. to compete on the global stage. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's is ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu. ♪ >>> the nra is calling on its members to stand and fight. the group responding to president obama's state of the union address. straight ahead, the president of the nra lays out his case against new gun control laws. [ male
into effect, there were 20 major airlines in the u.s. by 1990, there were only 12 in operation. today just seven. with usair and american merging we'll be down to six. usai and american don't have a lot of overlapping routes or hubs. in the end, there will be about eight routes out of the 900 or so that will only be served by one airline. susan? >> ali velshi, thank you. cnn "newsroom" continues now with deborah feyerick. deb? >> hey there, susan. looking at that freeze-dried pet thing -- >> not over it. >> we can't exactly figure out what to make of that. thanks so much. enjoy the rest of the afternoon. hi, everyone. 12:00 p.m. on the east coast, 9:00 a.m. on the west. i'm deborah feyerick in for fredricka whitfield. if you're just tuning in, thanks for joining us. we have so much coming up for you. these are the top stories we're following right now in the "cnn newsroom." >>> a surprising announcement at the vatican today. a spokesman says the cardinals who will choose a successor to pope benedict xvi could meet sooner than first planned. the vatican says the date could move up with all
Search Results 0 to 12 of about 13